Musk’s Twitter Payment Vision Is In Line With Fiat-Crypto Gateway Alchemy Pay
Speaking of which, Tesla CEO and Twitter chief Elon Musk’s Twitter revenue has fallen into difficulty as he hopes to find the latest source of revenue outside the original $5 billion a year advertising business model. According to a recent Financial Times report, Elon Musk is placing his bets on this ambition to drive revenue growth in the payments business, saying he wants Twitter to become a “universal app”. Which connects Bhutan’s information and commerce. As part of the plan, Twitter intends to provide fintech services that include peer-to-peer transactions, savings accounts and debit card related services, and in the past, Twitter has been ramping up payments business in a landscape such as Awarded Creators.
Shark Tank Star Kevin O’Leary Says Most Crypto Tokens Are Worthless – ‘They Will Eventually Go To Zero’
Shark Tank star Kevin O’Leary aka Mr. Wonderful has made a statement that most cryptocurrency tokens are worthless and will eventually drop to zero in value. Furthermore, he said that he no longer holds cryptocurrency and is getting the same volatility that he did when he owned 32 crypto tokens before the collapse of the crypto exchange. They further say that there are 10000 tokens and most of them are worthless.
Commodity Strategist Mike McGlone Says Cryptocurrencies May Be Facing Their First Real Recession
Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, warns that the cryptocurrency may be facing its first real recession, and it could be an extremely dire one. They warn that tighter policy and orders from the Federal Reserve could be a primary headwind for risk assets and cryptocurrencies in particular, despite recession risks. He tweeted on Sunday that crypto may be facing its first real recession which means lower asset prices and higher volatility. In addition to increased volatility in bear markets, buy-and-hold strategies can be profitable at the cost of greater speculation and leverage.
Cryptocurrency Exchanges Offer Aid to Earthquake-hit Turkey
A major exchanger has offered to help Turkish people survive and be safe from this week’s devastating earthquake, while industry has pledged support and the country’s financial authorities have donated key cryptocurrency BNB to a charitable organisation. Permission has been granted to raise and secure the relief amount through He has emphasised that crypto transfers will be done more quickly and at the same time it is being used to help the victims as they provide fast and low cost and limitless and transparent lending. Earlier this type of system has also been implemented for Ukraine’s citizens suffering from the war.
Bitcoin experienced a sharp increase in average transfer fees: 122% increase in 10 days
According to the data, transfer fees on the bitcoin network have increased by 122% since the end of last month as the average transaction fee has increased from $0.767 to $1.704 per transaction. The increase in on-chain fees coincides perfectly with the latest ordinals digital archiving trend on the network, with the number of inscriptions nearing 20,000.
Biggest Movers: Matic Hits 10-Month High, ATOM Extends Recent Gains
The polygon climbed to its highest point of strength since the end of last April as prices recorded a 6% increase on February 8. After 3 days of downtrend on Tuesday, we can see that the coin was up for the second consecutive session and to be fair, Cosmos also managed to register higher in today’s session as it is nearing recent highs. Has reached
Privacy coin interest remains steady as major coins report modest gains in 2023
Top privacy coins have seen an increase of over $2 billion by market capitalization over the past 90 days, rising from $4.65 billion on 9 November 2022 to $6.69 billion today, while crypto assets such as bitcoin and Ethereum Gains of thirty percent or more have been recorded in 30 days and privacy coins such as Monero and Zcash saw more modest growth, with gains of 8.7% to 10.6% over the past month.
Bitcoin, Ethereum Technical Analysis: ETH Near $1,700 as Fed Prepares to Keep Rate Hike
Ethereum closed on Wednesday around $1700 as the market reacted to comments from Federal Reserve Chairman Jerome Powell, speaking in Tuesday’s session, that the Federal Reserve would continue to raise interest rates. It is necessary to show the need for data processing. Bitcoin was also boosted by the news, climbing back to the $23000 area.
Nigerian city of Lagos among world’s top 20 crypto hub cities – study
A study by Recap, a crypto assets management firm, has ranked the Nigerian city of Lagos among the top 20 cryptocurrency hub cities in the world. Five more African cities, the Angolan city of Luanda, the Nigerian city of Ibadan, and three South African cities – Cape Town, Johannesburg and Pretoria – have joined the 50 top-ranked crypto hub cities.
Elementus Raises $10M to Bring Clear Blockchain Analytics to Institutional Clients
Elementus, a New York-based blockchain firm, has raised $10 million as part of its Series A-2 funding round led by Web3 VC firm Parafi Capital, with the aim of the raise valuing the company at $160 million. Blockchain Farm is intended to allow web3 companies and government institutions to improve their services and process to serve blockchain analytics effectively and robustly.
North Korea Stole Record Amount Of Crypto Assets In 2022, UN Report Reveals
According to a UN report, the regime in North Korea has managed to steal more cryptocurrency than in the previous year. The writing concludes with projections that 2022 was set to be a record-breaking year for crypto asset thefts, which was to be blamed on the hermit state. Independent sanctions monitors agree that comparisons to any previous year In 2022 a high value of cryptocurrency assets were stolen by DPRK actors.
US dollar will keep losing its appeal as safe-haven currency of last resort, strategist says
Pacific Investment Management Company (PIMCO) expects the US dollar to “continue to find its appeal as the safe haven currency of last resort”. The $1.74 trillion asset management firm adds that the USD is “likely to fall even further in 2023 as inflation declines and risks of recession and other shocks subside.”
